Accessibility/Mobile Features
Skip Navigation
Editorial News
Classified Sites


Manitoba’s economy expected mirror national economy in coming year: forecast

Manitoba’s economy is expected to remain flat in 2014 compared to the previous year with GDP growth at 2.2 per cent according to the latest edition of the BMO Blue Book.

The bank’s economists believe that the slumping loonie and pickup in the U.S. economy will be a plus for the province’s manufacturing sector in 2014 after experiencing a 0.4 per cent fall-off in sales last year.

Falling agricultural commodity prices and transportation backlog might make it hard for agricultural receipts to match 2013 when there was a record harvest but bank officials expect the sector to continue to perform well with lots of expansion, land acquisitions and rising land prices.

"Manitoba’s diverse economy has long supported a wide variety of commercial clients," said John MacAulay, BMO’s senior vice-president, Prairies and Central Canada. "The situation for Manitoba business owners remains generally positive, although we are starting to see a little more caution expressed compared to this time last year. However, the turnaround in the U.S. economy, coupled with lower Canadian dollar, is leading directly to growing sales and improved profitability in manufacturing, distribution, trucking and service sectors."

BMO is forecasting GDP growth in Manitoba of 2.4 per cent in 2015.

As is often the case, Manitoba’s economy is expected to come close to mirroring the national economy next year.

Robert Kavcic, Senior Economist, BMO Capital Markets, noted that the Canadian economy continues to grow and is expected to come in at 2.3 per cent this year before rising to 2.5 per cent in 2015. "The stronger U.S. economy and weaker loonie remain key elements shaping economies across the country. The economic climate still varies by province and region, with Alberta outperforming the rest of Canada by a large margin, due in part to sturdy oil prices and a heavy dose of public-sector capital spending providing a boost."

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.


Make text: Larger | Smaller

Brandon Sun - Readers Choice Results
Why Not Minot?

Social Media